Tag: trade
Idemitsu, ENEOS, Toyota, MHI eye introducing carbon-neutral fuels in Japan by 2030
Japan’s Idemitsu Kosan, ENEOS, Toyota Motor, and Mitsubishi Heavy Industries announced on May 27 that they will jointly explore the introduction of carbon-neutral fuels in the country around 2030. Following this agreement, the four companies have initiated a study to facilitate the adoption and dissemination of carbon-neutral fuels as part of their efforts toward achieving…
ICS Publications releases fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance
International Chamber of Shipping (ICS) Publications announces the launch of the fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’. This latest edition offers comprehensive updates and expanded insights into the intricate relationship between shipping operations and environmental protection. The fifth edition is a definitive guide, providing a holistic introduction to companies…
ZeroNorth and Alpha Ori Technologies Close Deal To Join Forces, Accelerating Green Global Trade And Zero Emissions Shipping
ZeroNorth and Alpha Ori Technologies have announced today that they have received all required regulatory approval for their agreement to join forces. It means that today is day one of the two organisations as a new, integrated business under the name ZeroNorth. The milestone kicks off an ambitious next phase for the new ZeroNorth, enabling…
Ammonia Trade Flows About to Blow Up
Demand for seaborne transportation of ammonia is about to blow up in the coming years. In its latest weekly report, shipbroker Intermodal said that “traditionally used in fertilizer production and as a component in chemicals and explosives, ammonia is now gaining attention due to its low-carbon properties which make it an attractive option for co-firing…
Trade consequences of the petchem revolution
A petrochemical revolution, spearheaded by China’s unprecedented expansion, is reshaping the global petrochemical landscape and influencing patterns of oil consumption. According to the International Energy Agency (IEA), petrochemical demand is propelling global oil consumption to surpass pre-Covid levels, but the long-term trajectory indicates a potential peak in global oil demand this decade. Ciarán Healy, an…
ENGINE X achieves ISCC certification to trade sustainable biofuels
Global bunker trading firm ENGINE X has been certified by the renowned International Sustainability and Carbon Certification (ISCC) system to trade sustainable biofuels. The maritime industry is in the early days of a major decarbonisation effort, and when shipowners burn lower-carbon fuels they need to prove to regulators that these do indeed have lower emissions…
Israel-Palestine conflict set to create challenges in maritime industry while trade continues with caution
The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. “In light of recent developments in the Middle East, including the outbreak of war in Israel and its vulnerability to missile…
IMB calls for regional efforts to safeguard shipping and trade as maritime incidents rise
The ICC International Maritime Bureau (IMB) has revealed a rise in reported incidents in the Gulf of Guinea and concerns for the Singapore Straits in its latest report for the period of January-September 2023, released today. Ninety-nine incidents of piracy and armed robbery against ships were reported in the first nine months of 2023, an…
Changes to Chemical & Gasoline blending component trade flows in H2 2023
Amid the ongoing weakness seen across the global petrochemical sector, the comparative recovery of gasoline and transport fuel demand this year has helped shift trade flows on several chemical products that have found better value in the blending pool. In this report, we look at some of the recent changes in seaborne trade related to…
Dry bulk trade volumes positive but prospects hold downside risks says MSI
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market according to Maritime Strategies International. COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive,…
